Credit Card Management Flashcard

Front

This is a kind of credit card where a borrower makes a deposit of collateral in the amount of credit that he or she is seeking. These credit cards are good for those who are building or rebuilding their credit histories.

Back

Secured Credit Card

Front

A period of time when no interest is charged on a credit card. (If you pay the full amount of your monthly charges each month, you will not have to pay interest.)

Back

Grace Period

Front

A package of services designed to help consumers manage their debt, including credit education and a debt management plan.

Back

Credit Counseling

Front

The total amount of charges for this month so far is _. The highest charge was _ at _. The lowest charge was _ at _. On what day did this person make charges at the most places? _ Twice, this person charged the same amount of _ for _.

Back

500

Front

To whom should the payment check be sent? _ What is the least amount that should be sent? _ What amount should REALLY be sent? _ When is the payment due? _ By what date should the payment be mailed? _ What should be written on the memo line of the payment check? _ What do you write in the empty box in the middle of the payment stub? _ Why would you check the box at the top of the stub? _

Back

Bank Name

Front

What should you mail in the envelope to pay your credit card bill?

Back

Payment Check

Front

If you think your payment will not be on time through the mail, you should _.

Back

Call Customer Service

Front

How much did Jim charge on his credit card last month? _ How much did Jim pay on his credit card last month? _ Jim charged _ on his credit card this month. Jim's limit on this card is _ and it will let him spend up to _ more this month. If Jim went to a bank, or went to ATMs several times, how much cash could he get in one month using his credit card? _

Back

150

Front

The total amount of charges for October so far is _. The highest charge for September and October was _ at _. The lowest charge for September and October was _ at _. On what day did this person pay the previous month's bill? _ Charges for necessities include _ for _. Charges for wants total _.

Back

900

Front

To whom should the payment check be sent? _ What is the least amount that should be sent? _ What amount should REALLY be sent? _ When is the payment due? _ What should be written on the memo line of the payment check? _ What do you write on the empty line in the middle of the payment stub? _

Back

Bank Name